ICO Review Ferrum Network

Network For Financial Applications

About Ferrum Network

Ferrum Network, designed by a distributed systems expert with over ten years experience at the world’s biggest tech companies, was built to address two fundamental problems impeding the mainstream adoption of cryptocurrencies: slow transaction speeds and the lack of interoperability between networks.

Instead of building a standalone network, Ferrum Network leverages the values of existing blockchains and connects them to a high-speed transaction layer that enables peer-to-peer transactions of any digital asset.

Like the Lightning Network for every blockchain, Ferrum’s revolutionary technology brings networks together, for a consistently high-speed, low-cost transaction experience for every digital asset, whether BTC, ETH, XRP, EOS, Zcash, and so forth. It even works with fiat currencies. Laser-focused on user-acquisition and global adoption, Ferrum Network has built a vertically integrated line of financial applications on top of the network, allowing users to buy, exchange, transact, and store any digital asset with no counter-party risk.

Imagine buying a cup of coffee with bitcoin and the transaction clearing in milliseconds; exchanging BTC for ETH over a high-speed cross-chain decentralized exchange; or sending digital fiat to a user halfway around the world with no third-party intermediary…it is all possible with Ferrum Network.

TECHNOLOGY UNDERLYING FERRUM NETWORK

Innovative technology built for high-speed peer-to-peer transactions of any digital asset is the backbone of Ferrum Network and its products.

The DAG ledger

A decentralized ledger similar to a blockchain but designed for fast transactions, minimal network fees and no miners

Interoperability Network

Innovating on cross-chain solutions, Ferrum can interoperate with any blockchain/network

Decentralized Proxy Tokens

Decentralized proxy tokens with stability guarantees enable the exchange/transaction of any digital asset, including digital fiat

High Frequency Trading

Native support to move assets off-chain and perform high frequency trades and transactions for nominal costs

The FRM Token

Gas of the network, FRM tokens are spent and burned for every transaction on the network

Import/Export Value

Ferrum is designed to import/export values, including fiat currencies

TOKEN INFORMATION

ROADMAP

Q1 2018

Testnet Prototype Developed

Q2 2018

Finalist at Consensus 2018 Pitch Competition

Q3 2018

UniFyre Wallet beta release w/OTC trading support

Q4 2018

MVP complete w/BTC, XRP and ERC-20 support

Q1 2019

Kudi Exchange release

Q2 2019

Kudi Business features release

Q3 2019

Public test-net launch

Public sale

UniFyre Wallet release.

Q4 2019

Interoperability network main-net launch

Q2 2020

Sub-Zero Walletrelease

Q3 2020

Infinity DEXw/advanced features release

Q3 2020

Expand fiat gateways into new markets

Q4 2020

Payments platform and more

TEAM MEMBERS

Naeim Yeganeh, PhD

Founder, CEO and Lead Developer

Distributed databases PhD. Has built massively distributed and AI systems at Microsoft, Amazon, and Bloomberg

Ian M. Friend, Esq.

Co-Founder, COO and General Counsel

Practiced law in New York City for nearly a decade. Co-founded Blockchain Practice Team at a major NYC law firm

Erik Powers, CFA

Financial Strategist

Experience in major financial firms e.g. Blackstone. Has helped startups with fundraising and risk management strategies

Dominik Swierkot

Head of Marketing

Professional social media and marketing expert with proven track record of growing organic communities

Hodjar Homaei, PhD

Senior Engineer and Product Lead

Computer Science PhD. Engineer/scientist/product expert. Former experience in Amazon and successful startups

Afshin Abadi, PhD

Quantitative Data Scientist

Machine Learning and Finance PhD. Experience in machine learning in finance, and quantitative analysis

Pokey Rule, M.S.

Distributed Systems Expert

Stanford Gradute MSc in CS. Has designed, and developed distributed systems since 2007

Benjamin Blatt

Strategic Investor

Seasoned finance professional in Wall Street firms. Brings his wealth of capital markets experience

ADVISORS

Anton Uvarov, PhD

Senior Strategic Advisor

Neuroscience PhD. General Partner and co-founder of KOSMOS Capital largest Australian crypto VC. Founded and sold successful startups

Etiënne VantKruys

Senior Advisor

Founder of Token Research Group. Expert in accelerating projects and executing roadmap objectives

Emeka Enu, MBA

Marketing and Business Development

Co-Founder of TLG Ventures, a strategic investment firm, and brings outstanding experience to Ferrum’s marketing strategy

Germaine Ifudu, PMP

Senior Blockchain Advisor

Co-Founder of TLG Ventures. Expert in marketing and investor relations for blockchain projects

Hamed Ahmadi, PhD

Senior Engineer and Product Lead

Mathematician and CS PhD. Startup founder. Has built products for successful Silicon Valley companies

Jing Cheng

Senior Software Engineer at Google

Senior Software Engineer at Google, built global hedging/arbitrage company deploying high frequency trading strategies across 20 cryptocurrency exchanges

Unifyre Wallet & FRM Storage

Our non-custodial crypto wallet — Unifyre Wallet — will be made public in the upcoming months; the estimated timeframe for launch is June-July, in-time for users to download and be prepared for the distribution of FRM. However, Unifyre is NOT required to store FRM (ERC) initially. The ERC-20 FRM will be sent to bounty participants in accordance with the above-timeline.

The official mainnet will go live sometime during Q4. All FRM holders will then be required to swap their FRM ERC tokens to the native Ferrum blockchain.

Ultimately, we suspect the majority of our community members will be utilizing our unique and user-friendly wallet to claim FRM. We’ll outline all the details about Unifyre when it’s completed and ready for public use.

Moving Forward

In the upcoming weeks and months, we’ll be releasing a series of informative articles related to various aspects of Ferrum Network. We are in the process of structuring and finalizing those key pieces of materials and will be made public in a timely manner.

Ferrum Network has successfully concluded the pre-sale and we are about move into our our Private sale stage. Our public sale is set to occur mid-Q3, with more details being provided in a later document.

Note to Prior Bounty/Airdrop Participants

Do not worry — for those who participate in our prior campaigns your participation has been recorded and you will still receive your rewards. However, all prior bounties/airdrops are now closed, so please do not attempt to participate in them.

Conclusion

Among our core principles are the following: community, transparency and usability. To achieve all three, we will continue to work diligently to analyze and improve all our operations, as we study and cater to our core audience, as we all as develop platforms and products to target emerging audiences.

So please enjoy the new bounty and never hesitate to ask us any questions along the way. And thank you for your continued support of Ferrum Network!

Very Truly Yours,